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Nirman Agri Genetics IPO is a fixed price issue of Rs 20.30 crores. The issue is entirely a fresh issue of 20.51 lakh shares.
Nirman Agri Genetics IPO bidding started from March 15, 2023 and ended on March 20, 2023. The allotment for Nirman Agri Genetics IPO was finalized on Thursday, March 23, 2023. The shares got listed on NSE SME on March 28, 2023.
Nirman Agri Genetics IPO price is ₹99 per share. The minimum lot size for an application is 1200 Shares. The minimum amount of investment required by retail investors is ₹118,800. The minimum lot size investment for HNI is 2 lots (2,400 shares) amounting to ₹237,600.
First Overseas Capital Limited is the book running lead manager of the Nirman Agri Genetics IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for Nirman Agri Genetics IPO is Nnm Securities.
Refer to Nirman Agri Genetics IPO RHP for detailed information.
| IPO Date | March 15, 2023 to March 20, 2023 |
| Listing Date | March 28, 2023 |
| Face Value | ₹10 per share |
| Price | ₹99 per share |
| Lot Size | 1200 Shares |
| Total Issue Size | 2,050,800 shares (aggregating up to ₹20.30 Cr) |
| Fresh Issue | 2,050,800 shares (aggregating up to ₹20.30 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 3,910,000 |
| Share holding post issue | 5,960,800 |
| Market Maker portion | 104,400 shares Nnm Securities |
Nirman Agri Genetics IPO offers 2,050,800 shares. 973,200 (47.45%) to NII, 973,200 (47.45%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 104,400 (5.09%) |
| Other Shares Offered | 973,200 (47.45%) |
| Retail Shares Offered | 973,200 (47.45%) |
| Total Shares Offered | 2,050,800 (100%) |
Nirman Agri Genetics IPO opens on March 15, 2023, and closes on March 20, 2023.
| IPO Open Date | Wednesday, March 15, 2023 |
| IPO Close Date | Monday, March 20, 2023 |
| Basis of Allotment | Thursday, March 23, 2023 |
| Initiation of Refunds | Friday, March 24, 2023 |
| Credit of Shares to Demat | Monday, March 27, 2023 |
| Listing Date | Tuesday, March 28, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on March 20, 2023 |
Investors can bid for a minimum of 1200 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹118,800 |
| Retail (Max) | 1 | 1200 | ₹118,800 |
| HNI (Min) | 2 | 2,400 | ₹237,600 |
| Lot Size Calculator | |||
Pranav Kailas Bagal is the Promoter of the company.
| Share Holding Pre Issue | 99.99% |
| Share Holding Post Issue | 65.59% |
Incorporated in 2020, Nirman Agri Genetics Limited is an organized Agri-Input Company in India. The company is in the business of production, processing, and marketing of high-quality hybrid seeds, Pesticides, and Bio-organic. These processes are used for different crops like corn, sunflower, cotton, paddy, grain sorghum, etc.
Expanding its horizon, Nirman Agri Genetics Limited recently forayed into micronutrients and Bioproducts. And they also produce non-hybrid seeds, primarily for paddy.
The company currently has production, outsourced processing, and R&D facilities in Nashik and Nimgul, Maharashtra, Gujarat, and Madhya Pradesh.
In 2022, Nirman began to market bio-pesticides, micronutrients, bio-fertilizers, fertilizer mixtures & plant growth regulators under the name "Nirman Agri Genetics".
Nirman Agri Genetics Limited strives at becoming a leading crop solutions provider for farmers by supplying high-yielding hybrid seeds and crop management through micronutrients, by-products, etc.
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Total Borrowing |
|---|---|---|---|---|---|
| 31-Mar-21 | 164.06 | 382.21 | 5.47 | 6.47 | 99.19 |
| 31-Mar-22 | 595.87 | 1,348.91 | 256.02 | 264.41 | 124.67 |
| 31-Oct-22 | 915.70 | 1,804.28 | 230.44 | 447.51 | 171.41 |
| Amount in ₹ Lakhs | |||||
The market capitalization of Nirman Agri Genetics IPO is Rs 59.01 Cr.
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 14.93 |
The company proposes to utilize the Net Proceeds from the Fresh Issue towards funding the following objects:
[Dilip Davda] NAGL is in the business of hybrid seeds manufacturing and marketing along with related bio-organic products. Based on its FY23 super earnings, the issue appears fully priced. Dilution of over 34% equity raise concern. Well-informed investors may consider an investment with a long-term perspective. Read detail review...
The Nirman Agri Genetics IPO is subscribed 1.71 times on March 20, 2023 7:30:00 PM. The public issue subscribed 2.20 times in the retail category, times in the QIB category, and 1.22 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 1.22 |
| Retail | 2.20 |
| Total | 1.71 |
Total Application : 1,787 (2.20 times)
| Listing Date | March 28, 2023 |
| BSE Script Code | |
| NSE Symbol | NIRMAN |
| ISIN | INE0OK701014 |
| Final Issue Price | ₹99 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹99.00 |
| ₹102.00 |
| ₹96.90 |
| ₹107.10 |
| ₹101.30 |
Nirman Agri Genetics Limited
Vedant Apartment, Near Reliance Shopee,
Dindori Road, Panchavati,
Nashik – 422 003
Phone: +91 253 2943101
Email: cs@nirmanagrigen.com
Website: http://www.nirmanagrigen.com/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
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Nirman Agri Genetics IPO is a SME IPO of 2,050,800 equity shares of the face value of ₹10 aggregating up to ₹20.30 Crores. The issue is priced at ₹99 per share. The minimum order quantity is 1200 Shares.
The IPO opens on March 15, 2023, and closes on March 20, 2023.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Nirman Agri Genetics IPO using UPI as a payment gateway. Zerodha customers can apply in Nirman Agri Genetics IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Nirman Agri Genetics IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Nirman Agri Genetics IPO opens on March 15, 2023 and closes on March 20, 2023.
Nirman Agri Genetics IPO lot size is 1200 Shares, and the minimum amount required is ₹118,800.
You can apply in Nirman Agri Genetics IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Nirman Agri Genetics IPO will be done on Thursday, March 23, 2023, and the allotted shares will be credited to your demat account by Monday, March 27, 2023. Check the Nirman Agri Genetics IPO allotment status.
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